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BETTY

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 153971District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.4 M
Mar 1995 – Jan 2026
Value, last 12 filed months
$45
at the published price for each month
Months reported
371
no gaps in the span
Streams
2
condensate, gas

The GIDDINGS (AUSTIN CHALK-3) field

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered
1960-10-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2025-09-30.

The Commission's schedule remark for this field reads: “DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111995-05-23131953
NGPA1none——

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition148 bbl$5,947
GasProduction2,459,549 Mcf$4,380,363
Total$4,386,310

1,537,671 Mcf of this lease's gas, across 21 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 30.4840, -96.0153. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.48403, -96.01528 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
16,009 ft
1 wells filed one
Completion to plug
30.9 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 16,009 ft.

Completions filed
Mar 1995
1 of 1 wells
Plug dates filed
Feb 2026
1 of 1 wells

Last completion to plug: a median of 30.9 years across the 1 well that filed both dates, with the middle half between 30.9 years and 30.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-185304941H16,009 ftMar 1995Feb 2026Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (371)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

371 months

Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250862.363.54$28
Mar 20250467.704.27$17
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 2024047173.023.30$1,553
Dec 2023068471.262.61$1,786
Nov 2023059777.892.81$1,676
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 202303878.122.24$85
Mar 2023114672.852.39$422
Feb 2023033975.112.47$836
Jan 2023037576.533.39$1,270
Dec 2022054576.415.73$3,122
Nov 2022052585.005.65$2,964
Oct 202209987.185.86$581
Sep 20220184.888.16$8
Aug 202201,25494.529.13$11,445
Jul 202201,649101.587.54$12,437
Jun 202201,579115.097.98$12,596
May 202201,764109.378.43$14,876
Apr 202201,713104.226.84$11,713
Mar 202202,110108.885.08$10,711
Feb 202202,31491.054.86$11,243
Jan 202202,54181.844.54$11,530
Dec 202101,99471.323.90$7,775
Nov 202101,88877.435.24$9,887
Oct 202101,85079.795.71$10,571
Sep 202101,40869.865.35$7,534
Aug 202101,63166.024.22$6,884
Jul 202101,53970.783.98$6,128
Jun 202101,58869.493.38$5,368
May 202102,13863.483.02$6,452
Apr 202101,32060.362.76$3,641
Mar 202101,80561.302.72$4,904
Feb 202101,15057.805.55$6,380
Jan 202101,79950.412.81$5,056
Dec 202001,81344.642.68$4,851
Nov 202001,76238.772.71$4,769
Oct 202001,87336.972.48$4,642
Sep 202002,26137.091.99$4,502
Aug 202003,55639.982.39$8,481
Jul 202003,62938.371.83$6,623
Jun 202003,22634.901.69$5,453
May 202002,36016.921.81$4,283
Apr 202002,04414.751.80$3,688
Mar 202001,85130.341.86$3,436
Feb 202001,93849.881.98$3,839
Jan 202002,35257.252.09$4,927
Dec 201902,96959.012.30$6,842
Nov 201902,47955.302.75$6,819
Oct 201903,62153.472.42$8,758
Sep 201903,58155.052.66$9,516
Aug 201903,01253.112.30$6,941
Jul 201903,11056.272.46$7,651
Jun 201903,07852.782.49$7,668
May 201901,14958.482.74$3,149
Apr 201901,49262.632.75$4,104
Mar 201901,72756.803.06$5,288
Feb 201901,09850.852.79$3,066
Jan 201901,76946.033.23$5,711
Dec 201801,05646.594.19$4,420
Nov 2018011852.934.24$500
Oct 2018036261.443.40$1,230
Sep 201801,22559.543.11$3,807
Aug 201801,82659.403.07$5,600
Jul 201801,96665.142.93$5,764
Jun 201801,74660.183.08$5,372
May 201801,46365.382.90$4,244
Apr 201801,69363.842.90$4,911
Mar 201801,57061.222.79$4,375
Feb 2018086561.782.77$2,393
Jan 201801,98362.874.01$7,950
Dec 201702,07457.272.92$6,059
Nov 201702,07855.423.12$6,480
Oct 201702,97249.292.98$8,868
Sep 201703,46847.523.09$10,707
Aug 201704,03245.373.00$12,114
Jul 201703,83043.873.09$11,824
Jun 201702,27442.493.09$7,020
May 201702,78745.373.26$9,095
Apr 201702,16147.933.21$6,940
Mar 201702,19646.772.98$6,552
Feb 201702,04650.452.95$6,041
Jan 201702,18749.413.42$7,477
Dec 201602,38648.763.72$8,883
Nov 201602,19342.492.64$5,799
Oct 201602,43146.193.09$7,512
Sep 201602,34341.553.10$7,265
Aug 201602,26241.442.92$6,615
Jul 201602,33041.622.92$6,814
Jun 201602,36945.352.69$6,363
May 201602,38342.521.99$4,745
Apr 201602,30036.561.99$4,579
Mar 201602,48733.011.79$4,462
Feb 201602,33626.472.06$4,821
Jan 201602,53127.352.36$5,984
Dec 201502,45832.362.00$4,919
Nov 201502,54438.792.17$5,514
Oct 201502,61143.552.43$6,336
Sep 201501,75842.992.76$4,849
Aug 201502,33840.162.87$6,716
Jul 201502,55648.152.95$7,528
Jun 201502,53556.152.88$7,308
May 201502,50155.212.96$7,392
Apr 201502,58549.822.71$6,996
Mar 201502,66742.892.93$7,827
Feb 201502,60044.662.98$7,738
Jan 201502,65943.433.10$8,245
Dec 201402,65254.693.59$9,524
Nov 201402,51870.464.25$10,706
Oct 201402,75378.303.90$10,739
Sep 201402,33886.164.05$9,458
Aug 201402,84789.394.04$11,488
Jul 201403,01996.564.18$12,618
Jun 201402,58798.164.74$12,254
May 201403,19494.734.73$15,097
Apr 201402,78995.944.81$13,413
Mar 201402,88895.895.06$14,604
Feb 201402,77797.406.19$17,195
Jan 201402,48190.404.86$12,059
Dec 201303,22791.824.35$14,052
Nov 201302,41188.853.74$9,013
Oct 201302,47697.423.78$9,358
Sep 201303,962104.113.72$14,730
Aug 201303,214104.253.52$11,322
Jul 201302,900102.523.72$10,781
Jun 201303,17694.403.93$12,493
May 201303,84394.834.15$15,945
Apr 201302,19793.964.28$9,409
Mar 201302,90893.623.91$11,379
Feb 201302,93891.233.42$10,048
Jan 201303,17491.603.42$10,855
Dec 201202,88786.773.42$9,874
Nov 201202,85186.953.62$10,335
Oct 201203,00889.383.40$10,226
Sep 201203,10394.672.92$9,056
Aug 201203,37292.662.91$9,806
Jul 201203,39585.133.02$10,256
Jun 201203,36679.822.52$8,479
May 201203,73291.612.49$9,286
Apr 201203,511101.652.00$7,011
Mar 201203,796105.052.22$8,435
Feb 201203,574101.102.57$9,186
Jan 201204,06398.092.73$11,109
Dec 201103,45196.873.24$11,180
Nov 201103,59795.723.31$11,911
Oct 201103,65584.983.65$13,335
Sep 201103,67783.623.99$14,656
Aug 201103,51583.404.15$14,585
Jul 201103,73094.144.52$16,849
Jun 201103,84292.904.64$17,826
May 201104,05298.134.40$17,848
Apr 201103,996105.964.33$17,316
Mar 201104,24096.364.06$17,203
Feb 201103,86385.644.18$16,147
Jan 201104,31986.504.59$19,819
Dec 201004,41085.734.35$19,174
Nov 201004,06580.843.80$15,428
Oct 201004,38978.103.51$15,401
Sep 201004,23672.633.98$16,857
Aug 201004,58273.684.42$20,250
Jul 201004,54872.554.74$21,542
Jun 201004,33770.364.91$21,296
May 201004,76071.124.24$20,160
Apr 201004,14581.694.12$17,089
Mar 201005,18178.394.39$22,738
Feb 201004,45473.585.44$24,240
Jan 201004,89974.365.96$29,218
Dec 200904,85571.445.48$26,624
Nov 200905,31274.593.75$19,928
Oct 200905,91572.544.11$24,312
Sep 200906,16565.543.06$18,894
Aug 200905,75567.423.22$18,522
Jul 200905,88961.133.46$20,402
Jun 200904,72166.163.90$18,388
May 200996,55154.743.93$26,210
Apr 200906,64246.773.59$23,828
Mar 200926,58642.144.06$26,817
Feb 200915,42732.814.63$25,176
Jan 200926,38935.865.37$34,387
Dec 200815,68037.105.98$33,987
Nov 200806,88755.496.86$47,247
Oct 200817,00875.246.92$48,584
Sep 200807,068101.767.88$55,675
Aug 200806,311114.228.48$53,536
Jul 200808,215131.0811.39$93,564
Jun 200819,623131.3313.03$125,544
May 200849,515123.1711.57$110,622
Apr 200809,394110.3110.45$98,213
Mar 2008110,520101.909.66$101,768
Feb 2008310,66892.538.77$93,842
Jan 2008211,35790.388.21$93,373
Dec 2007112,42188.337.30$90,786
Nov 2007013,23391.677.29$96,491
Oct 2007316,09082.856.92$111,623
Sep 2007417,93675.846.24$112,299
Aug 2007221,90069.066.39$140,034
Jul 2007528,61670.906.39$183,152
Jun 2007544,18162.007.55$333,808
May 20071732,88958.747.85$259,055
Apr 20070059.617.81$0
Mar 20070856.927.30$58
Feb 200701255.108.22$99
Jan 200701750.306.73$114
Dec 20060056.656.92$0
Nov 200604154.207.62$312
Oct 20060154.906.01$6
Sep 200603360.085.04$166
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 200603366.286.38$211
May 20060066.016.42$0
Apr 200602964.397.36$213
Mar 20060056.707.08$0
Feb 200603357.597.75$256
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 200502854.6910.59$296
Oct 200502858.3413.80$386
Sep 200503761.4512.08$447
Aug 20050061.519.80$0
Jul 200504055.697.84$314
Jun 200503652.337.38$266
May 200503245.226.65$213
Apr 200503549.207.36$258
Mar 20050050.377.15$0
Feb 200503045.226.31$189
Jan 200505743.166.32$360
Dec 20040039.866.75$0
Nov 200404845.286.33$304
Oct 20040049.706.52$0
Sep 200403043.245.28$159
Aug 200403742.375.55$205
Jul 200403038.286.08$183
Jun 200404036.106.43$257
May 200401837.486.49$117
Apr 200403634.475.86$211
Mar 200403034.365.53$166
Feb 200404632.455.51$253
Jan 200403332.036.30$208
Dec 200302230.266.30$139
Nov 200303428.804.60$156
Oct 200302228.174.76$105
Sep 200304926.314.75$233
Aug 200304629.765.13$236
Jul 200305129.415.17$264
Jun 200308128.565.98$485
May 200306326.595.97$376
Apr 200306226.675.41$335
Mar 200301431.146.10$85
Feb 200308233.487.93$650
Jan 200307830.315.58$435
Dec 20020626.914.85$29
Nov 200205224.664.14$215
Oct 200202026.464.23$85
Sep 200201727.443.64$62
Aug 20020025.963.16$0
Jul 200206724.583.06$205
Jun 20020023.733.34$0
May 200208424.663.58$301
Apr 20020023.653.51$0
Mar 200204222.003.10$130
Feb 20020018.222.38$0
Jan 200204417.172.38$105
Dec 20010016.932.36$0
Nov 200104818.072.41$115
Oct 200104319.782.53$109
Sep 200101124.262.25$25
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 200102424.563.82$92
May 20010025.524.31$0
Apr 200103924.685.34$208
Mar 20010024.545.38$0
Feb 200106127.755.77$352
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 200002631.875.19$135
Aug 20000329.644.54$14
Jul 20000028.534.09$0
Jun 200003529.304.40$154
May 200001927.263.68$70
Apr 20000024.513.12$0
Mar 200007628.422.86$217
Feb 20000027.622.73$0
Jan 200003025.272.48$74
Dec 199902024.282.42$48
Nov 199901423.192.43$34
Oct 199901820.982.80$50
Sep 19990721.752.62$18
Aug 19990119.262.88$3
Jul 1999014,04217.892.37$33,313
Jun 1999021115.942.36$498
May 199904,37115.792.32$10,145
Apr 199902,50115.102.21$5,522
Mar 1999012,18812.471.84$22,406
Feb 199909,8579.981.82$17,918
Jan 1999011,62010.381.90$22,077
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 199805812.421.97$114
Sep 199801,21612.592.08$2,532
Aug 199801811.301.91$34
Jul 1998011811.742.24$264
Jun 199803,14711.242.24$7,041
May 199802912.622.21$64
Apr 1998051713.042.51$1,295
Mar 199804,25012.802.31$9,815
Feb 1998086413.952.30$1,986
Jan 199805214.702.15$112
Dec 199702,79816.322.41$6,746
Nov 199703,59118.193.09$11,090
Oct 199701,00119.253.15$3,153
Sep 1997015,15317.742.95$44,775
Aug 1997014,86317.862.55$37,971
Jul 1997015,41117.582.25$34,628
Jun 19973715,54617.242.26$35,728
May 1997113,08918.972.31$30,235
Apr 1997054017.882.08$1,125
Mar 199713018.951.94$246
Feb 199709820.492.21$216
Jan 199709423.483.54$333
Dec 199609,79623.32—$0
Nov 199607,91821.97—$0
Oct 1996018,39723.31—$0
Sep 199618,44122.22—$22
Aug 199604,65420.26—$0
Jul 199604,36219.55—$0
Jun 1996021,88118.73—$0
May 1996134,58119.43—$19
Apr 1996044,32521.51—$0
Mar 19960019.38—$0
Feb 1996014,70016.98—$0
Jan 1996028,20617.07—$0
Dec 1995040,22917.19—$0
Nov 1995123,43216.00—$16
Oct 1995172,96715.43—$15
Sep 1995341,78416.18—$49
Aug 1995498,31115.92—$64
Jul 19951126,70315.24—$15
Jun 19951169,36716.41—$16
May 19956260,47717.56—$105
Apr 199512386,70717.73—$213
Mar 19951120,43316.44—$16

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Apr 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 62.36 =         $0
Gas                    8 Mcf  × $  3.54 =        $28

────────────────────────────────────────────────────
Month total                                      $28

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 03/G/153971 is the state's own key, not one this site invented.